Currenex, HotSpotFxi, Lava - Pimps for the Banks? - No Scalpers

I must behave myself. I just got a very friendly PM and I will contat Currenex next year...

I am off to purchase some wine & cheese for Wifey's birthday...

Hey you guys... have a prosperous 2007 ok?

Michael B.
 
Quote from walterjennings:

because for them to get their cut using futures, their prices will always be worse than globex's. in that case people will just migrate to using globex directly. I personally think there should be one global market for trading forex, hopefully in the future. Plus id like to see mini futures. 125kEUR min lot size that futures offers is a little too big to make nice odd lot orders needed to tricky hedging strats.
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Mr. Jennings,

There is a Euro-FX Mini traded on the CME, not much liquidit, here is the link:

http://www.cme.com/trading/prd/contract_spec_E72462.html

Hope this helps:

Vanquish:D
 
Hey people, excuse my ignorance regarding FOREX matters {I usually spend my days fighting scumbag specialists from the NYSE for nickels and dimes}, but why can´t someone just grab all the this forex venues, wrap up the data and set it up like a level 2 screen?
 
Quote from fxsomebody:

For my second post in history, I can state that your above statement is completely false. In fact, Currenex has no such documentation in its existance. All Currenex customers sign the exact same contract that has nothing of the sort included. Maybe you are referring to a white label provider of Currenex technology who has such documentation but again, that has nothing to do with Currenex and anyone trading on its platform.

Regarding fast markets, most all platforms volume comes during fast markets and we welcome all trading at those times. I could no be any happier adding more customers and liquidity in fast markets.
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When I am in the office I will have to check the agreement but I was told Currenex insisted on it being signed.

It was not the original agreement but a supplementary one that had to be signed once we set up the API.

I would also add that in fast markets 90% of my trades are with banks. Or at least were until you stopped us seeing the counterparty!
 
Lon_eagle,



What is,better what used that % to be in slow markets ?


Why would Currenex hide the "fact" that 80 % of volume is customer to customer ?

Oh WHY are we not able anymore to see
the counterparty ?



Fxsomebody,



I have to repeat this question again(a lot of other questions go still unanswered)


If we can not trust the numbers from Euromoney like you claim, what reliable source do you use then ?
 
Quote from NickBarings:

Lon_eagle,



What is,better what used that % to be in slow markets ?


Why would Currenex hide the "fact" that 80 % of volume is customer to customer ?

Oh WHY are we not able anymore to see
the counterparty ?



Fxsomebody,



I have to repeat this question again(a lot of other questions go still unanswered)


If we can not trust the numbers from Euromoney like you claim, what reliable source do you use then ?
More...

NickBarings,

I think I understand your confusion. To be sure, let me ask you a question.

1- Do you have a contract directly with Currenex, signed by your company and Currenex, and get a brokerage bill from Currenex to trade on the Currenex institutinal platform? I do not think so.

2- Do you have a contract with a broker, and that broker uses Currenex as a technology vendor? I think you do.

If I am correct, and I am about 100% sure, it does explain why you are confused as if you traded on the institutional platform, that is 100% anonymous with centralized clearing. If someone uses our technology for their own platform, they can set whatever rules they want and they are all different.

You need to be careful not to generalize "Currenex" as where you trade. You might trade on a platform using Currenex technology, but thats it, it is just Currenex technology. It is just like the 50 or so retail plaforms using Saxo Bank technology. You are not trading with Saxo, just happen to trade with someone using their technology.

If you do have further questions, I suggest you call the Currenex 24hr desk (on Tuesday) and I am sure they will be happy to anser all your questions.

As for polls, there are Euromoney polls, profit and loss polls, independant polls, etc. You may choose to follow what you want, that is your perogative. Good luck trading.
 
I use Cnx through a UK broker and have never been banned for scalping around news .
I have never been advised by the broker to avoid doing that.
PS: i am profitable
 
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